Your Benefits from the Overdraft

• A higher amount compared to your monthly salary, which you can use at any time

• Competitive interest rates.

• Fast approval process

• Automatic renewal

• Open overdraft line at any time you need

More on Overdraft

• Maximum amount: up to 3 net monthly salaries – for both employees in a state institution and employees in a private institution, but not more than 6,500 Eur (equivalent in Lek)

• Duration: 12 months, to be renewed upon your request.

• Currency: overdraft currency is in the same currency as the client’s salary.

• Interest Rate: The interest rate is variable and is based on the Retail Credit Bulletin.

• Repayment scheme: principal can be paid back at any time; interest is paid back on a 3-month basis.

• Penalties: In the event of delays in the payment of OVD, the bank applies a delay penalty, based on the current Terms & Conditions.

• Early Re Payment: The bank accepts partial or total repayments before the maturity of the loan. No additional fees apply.

• Collateral: no collateral or co-borrower is required for OVD.

For more information please download pre-contractual standard overdraft documents on salary